RCP_
Long

Small push EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
223 2 4
Small push EURUSD             .
- Consolidation has finished
- Rest on fib retrace level
- RSI 40 level broken once again
- New MAGNUS cycle likely to begin

Play safe and only small stake on this one. Tight stop loss.
your SL is wrong. It has to be below previous swing low ( below 1.07248 as on your chart). Tight SL never works. If trader cannot afford SL - he/she should not take the trade.
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RCP_ PRO Nightwish
Hello Nightwish,

Thank you for your comment.

I tend to agree, but the reason for the tight stop on this trade - above the latest swing - is because of the strength. This stop is not placed due to heavy leverage/lack of cash.

Sincerly,
Robert
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